The Challenges of funding sustainable projects
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The Challenges of funding sustainable projects

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David Hodgkinson, Director - Emerald Capital Asia Ltd. - USA

David Hodgkinson, Director - Emerald Capital Asia Ltd. - USA

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    The Challenges of funding sustainable projects The Challenges of funding sustainable projects Presentation Transcript

    • Mainstreaming Sustainable Investment - An Approach Based on Recognizing & Rewarding Excellence Presentation for TBLI Asia 2006 By T. David Hodgkinson Emerald Capital Asia Ltd. May 2006
    • Mainstreaming Sustainable Investment Discussion Outline
      • The TBLI Concept – A Key Challenge
      • Market Perception of the TBLI Concept
      • The Sustainable Investment Market
      • Mobilizing Increased Support for TBLI - A Proposed Approach
      • Precedents for Recognizing & Rewarding Excellence
      • The Case for a “TBLI Awards” Program
      • Examples of Prospective TBLI Award Recipients
      • The TBLI Awards Program - A Unique Sponsorship Opportunity
      • Concluding Thoughts & Next Steps
    • The TBLI Concept - A Key Challenge
      • Words to Ponder :
      • “ The Triple Bottom Line Investment concept is steadily gaining momentum. We are just early to the party .” Statement of Robert Rubinstein, Founder of TBLI Group.
      • If we are indeed early to the “TBLI Party,” several obvious questions arise:
        • Why are we so early?
        • What can be done to get others to join the Party?
    • Market Perception of TBLI - Is the Party Worth Attending?
      • As is well known to the “sustainable investment community,” TBLI is an integrated approach that takes into account:
        • Financial Performance
        • Environmental Considerations
        • Social Considerations
      • Despite the intrinsic logic of the TBLI concept, its integrated nature can be problematic for many organisations.
        • TBLI is multi-disciplinary undertaking that typically requires a high degree of internal and external co-ordination
        • It is often difficult to quantify the benefits of TBLI
        • There is a shortage of “model projects” that can be used to illustrate the merits of TBLI
    • The Sustainable Investment Market - Key Players
      • Governments & Public Sector Agencies
        • Board of Investment, Ministry of Finance, Central Bank, Regulatory Agencies, etc.
      • The Private Sector
        • Corporates, Investment Funds, Venture Capital, Commercial & Investment Banks, etc.
      • Development Finance Institutions
        • Multilateral and Bilateral Institutions
      • Foundations & Non-Governmental Organisations
      • Each of these groups are high value invitees to the TBLI Party -- their support and active involvement is crucial for TBLI to achieve its full potential.
    • Mobilizing Increased Support for TBLI - A Proposed Approach
      • There are clearly many approaches to mobilising increased support for TBLI.
      • The path advocated in this presentation is a systematic effort to give greater attention and visibility to TBLI market participants and best practices .
      • In practical terms, this requires:
        • Identifying excellence in TBLI projects and practices
        • Recognizing and rewarding the best TBLI project proponents and the institutions they represent.
    • Precedents for Recognizing & Rewarding Excellence
      • There are a number of well developed initiatives for recognizing and rewarding excellence in each of TBLI’s “bottom line” areas.
      • Finance : The financial services industry has refined recognition of excellence into almost an art form. Examples include:
        • Euromoney Awards for Excellence
        • Finance Asia Awards
        • Asian Banking Awards
    • Precedents for Recognizing & Rewarding Excellence - cont’d.
      • Environmental Awards :
        • EU Commission Environmental Award
        • Sheikh Zayed Environmental Prize
        • UNEP “Champions of the Earth” Awards
        • Volvo Environment Prize
      • Social & Community Development Awards :
        • The World Challenge Awards
        • LivCom Awards (promoting liveable communities)
        • Skoll Foundation Awards for Social Entrepreneurship
    • The Case for a “TBLI Awards” Program
      • A TBLI Awards Program would provide a much needed mechanism to recognize and inspire a broad range of market participants.
      • Awards should target entities and individuals who are independently judged to have achieved excellence in TBLI projects and practices.
    • Examples of Prospective TBLI Award Recipients
      • Public sector entities and employees :
        • Board of Investment staff who mobilize investment for high quality TBLI projects (not just large projects that have few if any positive TBLI attributes).
      • Private sector entities or individuals , including:
        • Corporate staff engaged in TBLI activities
        • Entrepreneurs
        • Fund Managers
        • Commercial & Investment Bankers
    • Examples of Prospective TBLI Award Recipients - cont’d
      • Development Finance Institutions :
        • Multilateral institutions
        • Bilateral institutions
      • TBLI Awards should be designed to achieve maximum visibility and publicity, by recognizing, whenever applicable:
        • Individual Recipients as well as
        • The Recipient’s “parent” institution.
    • The TBLI Awards Program - A Unique Sponsorship Opportunity
      • One or more Sponsors are needed to catalyse the proposed Awards Program
      • Foundations would likely be well suited to Sponsor a TBLI Awards Program.
      • The Program need not require huge sums of money for administration or awards.
        • By way of example, the “World Challenge” initiative (sponsored by BBC and Newsweek, in association with Shell) offers a first prize of US$ 20,000, with $10,000 grants for runners up.
    • Concluding Thoughts & Next Steps
      • It is hoped that this presentation:
        • Stimulates thinking about the challenges to mainstreaming Triple Bottom Line Investments, and
        • Explains the benefits of a “rewards-based” approach to mainstreaming TBLI in Asia and other regions.
      • Next Steps:
        • Establishing an Awards Program will require consultation and dialogue with prospective Sponsors, some of whom are hopefully in attendance at TBLI Asia.